D.R. Horton Shares Fall After Brokerages Downgrade, Cut Price Target

MT Newswires Live01-07

D.R. Horton (DHI) shares slipped more than 1% in recent Tuesday trading after brokerages downgraded the stock and cut its price target.

Wells Fargo downgraded D.R. Horton to equalweight from overweight and cut its price target to $155 from $180. While UBS also lowered price target to $191 from $195 and maintained a buy rating.

Trading volume stood at over 3.5 million shares compared with a daily average of about 3.1 million shares.

Price: 144.64, Change: -1.84, Percent Change: -1.26

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